Alert! The Economic Numbers That We Are Getting Now Are Absolutely Staggering

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Title : Alert! The Economic Numbers That We Are Getting Now Are Absolutely Staggering
Link : Alert! The Economic Numbers That We Are Getting Now Are Absolutely Staggering

We haven’t seen an economic shift of this magnitude in a long time. Four years of “Bidenomics” absolutely devastated the U.S. economy, and that is one of the primary reasons why Kamala Harris lost the election. The American people truly hate what has happened to the economy, and they are desperate for change. Unfortunately, our long economic slide just continues to get even worse. In fact, we just got some new numbers that are simply staggering. Let me start with the housing market. On Thursday, we learned that pending home sales in the United States have dropped to the lowest level ever measured…

Just think about this for a moment. Pending home sales were not this low at any point during the Great Recession. And pending home sales were not this low when everybody was being locked down during the pandemic. Nobody can deny that the housing market is in a depressed state, and there is no indication that this is going to change any time soon. Meanwhile, jobless claims spiked even more than expected last week…

As I discussed the other day, we are witnessing mass layoffs all over the country right now. So I expect jobless claims to continue to spike in the months ahead. Last month, beef prices moved significantly higher once again… And egg prices have risen to absolutely absurd levels… Overall, the USDA is projecting that egg prices will increase by 41 percent by the end of this calendar year…I wish that I could tell you that things will soon get better. But I can’t. Every single day, more businesses that were once thriving are shutting their doors for good. But does everything seem just fine to you?

Just look around. Everywhere around us stores are being boarded up, restaurants and shutting down, factories are closing, businesses are laying off workers, delinquencies are spiking, families are going broke, prices are skyrocketing and debt levels are soaring. This is what we have been warning about all these years. The U.S. economy is coming apart at the seams, and those that refuse to acknowledge what we can all see are in a deep state of denial. Our long-term economic slide really is threatening to become an avalanche, and I fully expect our economic numbers to get even worse in the months ahead. (Ed note: when the economic storm hits, it will be blamed on Trump, but he didn't create it) (Read More)